Effective, Jan. 1, 2021, Herman & Kittle Properties, Inc. will become Kittle Property Group, Inc. The company has also moved its corporate headquarters, purchasing a new, larger office building adjacent to its previous location in the Parkwood Crossing Office Park on the north side of Indianapolis.
Kittle Property Group, is a national leader in developing, constructing, and managing over 20,000 quality, affordable and market-rate multi-family apartment homes with invested capital of more than $2.5 billion. Kittle Property Group currently owns and manages over 18,000 apartment homes in 19 states, providing homes to more than 30,000 family members.
The name change is a natural evolution for the company, following the recently completed ownership transition to Jeffrey L. Kittle from Thomas E. Herman, following Herman’s retirement. Jeffrey Kittle will maintain sole ownership of the company.
“Over the years, we have assembled an exemplary leadership team with more than 200 years of combined experience. Together with this leadership team, our valued team members, and business partners, I look forward to continuing Herman & Kittle Properties’ longstanding legacy and strong reputation,” said Jeffrey Kittle, President & CEO of Kittle Property Group. “While it is important to evolve for the future, it is also important to remain faithful to the mission, vision and values that have shaped our success and allowed us to serve as a catalyst to local economies by sustaining families, neighborhoods and businesses.”
Kittle Property Group has purchased and relocated to a new, expanded office building on the north side of Indianapolis at 310 E. 96th St., Suite 400. The new location offers more efficient work areas and expanded office space to accommodate both team members who work in the office, as well as those who are primarily in the field.
“Starting 2021 in our new, expanded corporate headquarters represents an exciting new chapter of growth for us as a company. Despite global economic challenges, the multi-family residential real estate market remains resilient, and the long-term outlook for the affordable and market rate segment is healthy,” said Kittle. “The timing is right for Kittle Property Group to position itself for continued strength, growth and success with more than $400 million in closed development in 2020.”